Invesco Ltd. Lowers Holdings in Cameco Co. (NYSE:CCJ)

Invesco Ltd. lowered its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,672,281 shares of the basic materials company’s stock after selling 5,811 shares during the period. Invesco Ltd.’s holdings in Cameco were worth $137,329,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CCJ. Sierra Ocean LLC purchased a new position in Cameco during the fourth quarter worth about $25,000. Hurley Capital LLC purchased a new position in shares of Cameco during the 4th quarter worth approximately $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Cameco in the 4th quarter valued at approximately $28,000. Whipplewood Advisors LLC purchased a new stake in shares of Cameco in the fourth quarter valued at approximately $33,000. Finally, Compass Planning Associates Inc acquired a new position in Cameco during the fourth quarter worth $36,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

CCJ stock opened at $40.81 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The stock’s 50 day moving average price is $43.54 and its 200 day moving average price is $50.00. The firm has a market cap of $17.76 billion, a P/E ratio of 145.74 and a beta of 1.04. Cameco Co. has a 1 year low of $35.00 and a 1 year high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. On average, sell-side analysts expect that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CCJ shares. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a research report on Wednesday, April 2nd. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Glj Research lifted their price target on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research report on Wednesday, March 12th. Stifel Nicolaus initiated coverage on Cameco in a research note on Wednesday, March 12th. They set a “buy” rating on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Cameco presently has a consensus rating of “Buy” and a consensus price target of $70.03.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.